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Jan 28, 2012
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according to the associated press, he did have investments in fannie mae and freddie mac. they were not blind trusts. >> chris, this is the big issue. it's kind of puzzling. he's had many years to think about this. mitt romney and his campaign can't figure out how he should talk about his own wealth, whether it's his taxes. he should just get up there and say, listen, i've done well. i have a gazillion dollars. i don't even know how many. i have people who manage these funds for me. i don't know what goes on. if you tell me there's freddie mac money in there, i'm going to tell them to get rid of it. i don't want it anymore. that's how he should handle this. every time we get to this issue, he somehow muffs it. it's somehow perplexing. >> thank you, david. thank you, susan. >>> up next, newt gingrich picks up the endorsement of duke cunningham, who's doing time for bribery. i guess you get endorsements where you can get them. you're watching "hardball" only on msnbc. >>> back to "hardball." now to the side show. first up, talk about extra baggage. newt gingrich has clinched
according to the associated press, he did have investments in fannie mae and freddie mac. they were not blind trusts. >> chris, this is the big issue. it's kind of puzzling. he's had many years to think about this. mitt romney and his campaign can't figure out how he should talk about his own wealth, whether it's his taxes. he should just get up there and say, listen, i've done well. i have a gazillion dollars. i don't even know how many. i have people who manage these funds for me. i...
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Jan 23, 2012
01/12
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it's not new. >> it wasn't freddie mac, but it wasn't unrelated. but maybe with a little bit of help, people can get a little bit of an education on some of these things. and the good news is, at least the decisions are going to be made more on debates than on the air pollution and the ads running all over florida. >> why do you say that? people are fearful of the super pac. >> i'm not saying they are not relevant. we need a constitutional amendment that says that. it is perverting our process in a lot of ways. but fortunately, sometimes it's good to look at the glass half full. the spine of this republican contest so far has been debates more than ads. the ads have not really made as big a difference as people think. it's not well, if only rick perry had money to go on tv, he would still be in. he had plenty of money. he's out of it because he was a dufuss at the debates. >> the 30 million jobs tour, a culture of investment through revisions in the tax code and trade policy. i don't e know what all the laws should be, and i could be wrong about 50
it's not new. >> it wasn't freddie mac, but it wasn't unrelated. but maybe with a little bit of help, people can get a little bit of an education on some of these things. and the good news is, at least the decisions are going to be made more on debates than on the air pollution and the ads running all over florida. >> why do you say that? people are fearful of the super pac. >> i'm not saying they are not relevant. we need a constitutional amendment that says that. it is...
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Jan 28, 2012
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what he was doing was clearly promoting fannie mae and freddie mac in this case, freddie mac, to the tune of $1.6 million. that is one of the reasons we're in the trouble we're in. >> first of all, notice that the governor wasn't aware of the ad he was running. he's not aware of the investments made in his name. >> of course i -- a blind trust. >> and my investments with his, comparing a tuinei mouse with a giant elephant. the fact is -- that there is a very substantial question. you didn't give instructions to say, gee, let's not do this or let's not do that. you're very quick to draw the widest possible exaggeration. the fact is the only time i ever spoke to the congress about this issue was in july of 2008, the "new york times" reported it. i told the republicans in the house, vote no. do not give them any money. they need to be reformed and answering it's question earlier i would break each of them up into five or six separate units and over a five-year period wean from them all federal sponsorship because we need to get away from those gigantic systems. >> a follow-up question t
what he was doing was clearly promoting fannie mae and freddie mac in this case, freddie mac, to the tune of $1.6 million. that is one of the reasons we're in the trouble we're in. >> first of all, notice that the governor wasn't aware of the ad he was running. he's not aware of the investments made in his name. >> of course i -- a blind trust. >> and my investments with his, comparing a tuinei mouse with a giant elephant. the fact is -- that there is a very substantial...
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Jan 27, 2012
01/12
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if you're telling me there's freddie mac money, i will tell them to get rid of it. that's how he should handle this. but every time we get to this issue, he muffs it. it's kind of perplexing. >> last word, susan. why can't he talk about his money? >> because he's setting himself up to be the poster child for the 1% in a general election. that's why. >> he's doing a good job. thank you. up next, newt gingrich pix up the jailhouse endorsement of duke cunningham. i guess you get endorsements where you can get them. you're watching "hardball" on msnbc. hey, aren't you supposed to be following that fidelity green line? well, yeah, but it keeps leading me back to my old office. i think it might be broken. or maybe it's trying to tell you something. yeah, but what could it be try-- oh, i left my 401(k) at my old job. and i left a jacket on the back of my door. but i think the line's talking about my 401(k). leave a 401(k) behind? roll it over with a company that's helping more people reach retirement than anyone else. call or come in for a free portfolio review today. when
if you're telling me there's freddie mac money, i will tell them to get rid of it. that's how he should handle this. but every time we get to this issue, he muffs it. it's kind of perplexing. >> last word, susan. why can't he talk about his money? >> because he's setting himself up to be the poster child for the 1% in a general election. that's why. >> he's doing a good job. thank you. up next, newt gingrich pix up the jailhouse endorsement of duke cunningham. i guess you get...
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Jan 24, 2012
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freddie mac was paying speaker gingrich a million $600,000 at the same time freddie mac was costing the people of florida millions of upon millions of dollars. >> last week, governor, you said that you complained that too much of your time on stage lately has been spent on negativity vis-a-vis the other candidates. you pledged to spend your time going after the incumbent president yet here we are again. >> i'll tell you why. i learned something from the last contest in south carolina and that was, i had incoming from all directions. was overwhelmed with a lot of attacks and i'm not going to get back and attacked day in, day out returning fire. i would like not the attacks against me. two ads run by speaker gingrich. outside fact-checking groups said they were false. he continued to run them. run by a campaign and one by a pac in his benefit. he can't control that. those ads were heavy on me. i will point out things people need to know. it was republicans who replaced him in the house. voted to reprimand him. it was the head lobbyist of freddie mac with whom he had a contract at a time w
freddie mac was paying speaker gingrich a million $600,000 at the same time freddie mac was costing the people of florida millions of upon millions of dollars. >> last week, governor, you said that you complained that too much of your time on stage lately has been spent on negativity vis-a-vis the other candidates. you pledged to spend your time going after the incumbent president yet here we are again. >> i'll tell you why. i learned something from the last contest in south...
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Jan 24, 2012
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he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point crying out how much hundreds of thousands? how do i get a gig like that? the his storian line also led to this attack ad in florida by mitt romney against mr. gingrich. >> while florida families lost everything in the housing crisis, newt gingrich cashed in. gingrich was paid over $1.6 million by the agency that helped create the crisis. >> i offered advice, my advice as a historian. >> a historian? really? >> the micro context of this release tonight is that mr. gingrich seems to be attempting to nip this criticism in the bud by having his former consulting company release th
he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point...
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Jan 24, 2012
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he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point crying out how much hundreds of thousands? how do i get a gig like that? the his storian line also led to this attack ad in florida by mitt romney against mr. gingrich. >> while florida families lost everything in the housing crisis, newt gingrich cashed in. gingrich was paid over $1.6 million by the agency that helped create the crisis. >> i offered advice, my advice as a historian. >> a historian? really? >> the micro context of this release tonight is that mr. gingrich seems to be attempting to nip this criticism in the bud by having his former consulting company release th
he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point...
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what exactly is freddie mac. right now is this all goes back to a fully public institution it was created one hundred thirty eight running up privatized in sixty eight by learning johnson because he wanted to get basically any cause that might make the vietnam war look bad off the books exactly and so where what is it now well god only knows because what if you're a couple of key lessons out of this great story that was just done by pro publica and then p.r. the regulator responsible for freddie says that well here's what happened basically freddie mac. put in more than three billion dollars while it was being owned by the u.s. taxpayer and rescued by the u.s. taxpayer to the tune of more than one hundred forty billion dollars it bought three point four billion dollars in financial instruments that were essentially betting against the very same struggling homeowners who can't refinance and are stuck with high interest rates it's betting again freddie mac. customers it's betting against its own customers at the sa
what exactly is freddie mac. right now is this all goes back to a fully public institution it was created one hundred thirty eight running up privatized in sixty eight by learning johnson because he wanted to get basically any cause that might make the vietnam war look bad off the books exactly and so where what is it now well god only knows because what if you're a couple of key lessons out of this great story that was just done by pro publica and then p.r. the regulator responsible for...
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Jan 27, 2012
01/12
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mac a lobbyist who made a living protecting fannie may and freddie mac can build his entire campaign in florida around a series of ads that are just false. >> he said over and over again does he think we're stupid? man's newt's pissed. they are launching everything they got. it's mutually assured destruction, exactly what the democrats want. the question is is it working no let's bring in mark blumenthal, the founding editor of pollster.com. talk to me where the race stood after south carolina and where it stands today. >> it's been really unusual. right after south carolina, gingrich saw a big bump in his support, really a big surge from where he'd been in florida for the last month and two or three polls showed him ahead over the weekend, but then over the course of this week, there have been four or five other surveys that show a but the of a rebound for romney, up about seven or eight points. >> so, is there anything that you can see as you watch those polls move that you can attribute to i see where this happened and then the polls moved? >> yeah, it -- i mean part of it may be
mac a lobbyist who made a living protecting fannie may and freddie mac can build his entire campaign in florida around a series of ads that are just false. >> he said over and over again does he think we're stupid? man's newt's pissed. they are launching everything they got. it's mutually assured destruction, exactly what the democrats want. the question is is it working no let's bring in mark blumenthal, the founding editor of pollster.com. talk to me where the race stood after south...
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Jan 24, 2012
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he's getting paid by freddie mac. they gave him a lot of rhetoric about being paid by freddie, but in 2012, a deal will happen that freddie won't want. >> this was in 2006, a year of mid-terms just before the democrats. >> i thought they only paid him for that brief period. >> the commercial that romney took out right now is saying it it paid him $1.7 million. if you go 25 grand a month, my math is telling me it's a little over six years, isn't it? >> that couldn't work. i think the contract was before that. i'm pretty sure from what i've read, the contract was during the period of republican control. gingrich is forced out of the house by his unsuccessful speaker -- >> is this a problem for gingrich, in your opinion? >> it would be by any normal standard and it will be, i think, in november. but again, gingrich has got behind him people that are so angry that all they want is that you be angry. in some ways the more outrageous the conduct the better they feel because that shows that your anger is what counts, and i b
he's getting paid by freddie mac. they gave him a lot of rhetoric about being paid by freddie, but in 2012, a deal will happen that freddie won't want. >> this was in 2006, a year of mid-terms just before the democrats. >> i thought they only paid him for that brief period. >> the commercial that romney took out right now is saying it it paid him $1.7 million. if you go 25 grand a month, my math is telling me it's a little over six years, isn't it? >> that couldn't work....
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abc's jim avila has the story. >> reporter: when freddie mac went nearly bankrupt, american taxpayers bailed them out. but when jay and bonnie silverstein like many american homeowners, asked to lower their payments, the answer was no. >> we are in financial jail. >> reporter: if they could have that rate reduced to 4%, the current average, they'd save $500 a month. but freddie mac, the government-run mortgage giant, that's supposed to make it easier to own a home, won't let them refinance. >> it just flies in the face of common sense. >> reporter: and it makes them angry, because it turns out freddie mac is making money from homeowners like the silversteins, by keeping them stuck in higher interest loans. a joint investigation by national public radio pro publica has found freddie mac has invested a billion of its own monet betting against those loans coming down. >> when the homeowner refinances, freddie mac now loses. >> reporter: legal, but critics now call it a clear conflict of interest. >> what you're doing is telling homeowners, "gee, i'm going to stop you from refinancing, an
abc's jim avila has the story. >> reporter: when freddie mac went nearly bankrupt, american taxpayers bailed them out. but when jay and bonnie silverstein like many american homeowners, asked to lower their payments, the answer was no. >> we are in financial jail. >> reporter: if they could have that rate reduced to 4%, the current average, they'd save $500 a month. but freddie mac, the government-run mortgage giant, that's supposed to make it easier to own a home, won't let...
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Jan 24, 2012
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mac and return the funds he made from freddie mac. i wouldn't have normally suggested that other than he was the one that said if you made money on this failed model you ought to return that money. >> within hours of that, the gingrich people released the 2006 contract. you'll recall he's struggled in the past to explain the work he did for freddie mac and reconcile what appears to be beltway insider buck raking with his anti-beltway establishment campaign. is the what he said in november. >> i have never done any lobbying. every contract was written during the period i was out of the office and specifically said i would do know lobbying and offered advice as historian when they said we are now making loans to people with no credit history and have no record of paying back anything, that's what the government wants to do. i said to them at the time, this is a bubble, this is insane, this is impossible. tonight, one year of the contract is out. ur political anl list gloria borge has the late details on it. the contract doesn't really t
mac and return the funds he made from freddie mac. i wouldn't have normally suggested that other than he was the one that said if you made money on this failed model you ought to return that money. >> within hours of that, the gingrich people released the 2006 contract. you'll recall he's struggled in the past to explain the work he did for freddie mac and reconcile what appears to be beltway insider buck raking with his anti-beltway establishment campaign. is the what he said in...
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Jan 24, 2012
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lobbyists at freddie mac. i don't think we can possibly retake the white house if the person who's leading our party is the person who was working for the chief lobbyist of freddie mac. freddie mac was paying speaker gingrich $600,000 at the same time freddie mac was costing the people of florida millions upon millions of dollars. >> now, wait a second. he just went on and on and on, making a whole series of aelss. first of all, he may have been a good financier, he's a terrible historian. the fact is, the vote object ethics committee was in january of 1997. i asked the republicans to vote yes, because we had to get it behind us. the democrats had filed 84 ethics charges for a simple reason. we had taken control of the house after 40 years and they were very bitter. and the fact is, on every single ethics charge with substance that was dismissed in the end, the only thing we did wrong, we had one lawyer written by letters -- i mean, written one letter, and the one letter was in error. i didn't pay a fine. i pa
lobbyists at freddie mac. i don't think we can possibly retake the white house if the person who's leading our party is the person who was working for the chief lobbyist of freddie mac. freddie mac was paying speaker gingrich $600,000 at the same time freddie mac was costing the people of florida millions upon millions of dollars. >> now, wait a second. he just went on and on and on, making a whole series of aelss. first of all, he may have been a good financier, he's a terrible...
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Jan 25, 2012
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any ties to freddie mac could turn off voters. james rosen in d.c. tonight. what about newt gingrich's charges that mitt romney owns stock in fanny and freddie. >> campaign aides are saying romney's investments in fannie and freddie are bonds and not stocks part of a mutual trust placed in a blind trust. between 10 and $30,000 tops. for speaker gingrich to try to equate 1.6 million payout to freddie mac to commonly held mutual funds that many millions of americans owns says romney's spokeswoman andrea saul is laughable. managed on a blind basis so a trustee not the romneys makes the investment decisions. just a few minutes ago, shep, fox news obtained another of the gingrich freddie mac contracts. i believe the year on this one is 1999. it goes into greater specificity than the other one we received as to what gingrich was expected to do and the group was expected to do for freddie mac listing strategic advice consulting on public policy issues again no issue of lobbying. >> shepard: got heated between the two frontrunners as to w
any ties to freddie mac could turn off voters. james rosen in d.c. tonight. what about newt gingrich's charges that mitt romney owns stock in fanny and freddie. >> campaign aides are saying romney's investments in fannie and freddie are bonds and not stocks part of a mutual trust placed in a blind trust. between 10 and $30,000 tops. for speaker gingrich to try to equate 1.6 million payout to freddie mac to commonly held mutual funds that many millions of americans owns says romney's...
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Jan 24, 2012
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mac. >> on this stage at a prior debate you said you were paid $300,000 by freddie mac as a historian. they don't pay people $25,000 a month for six years as historians. that adds up to about $1.6 million. they weren't hiring you as a historian and this contract proves you were not a historian. you were a consultant. it doesn't say you provided historical experience. it said you were as a consultant and you were hired by the chief lobbyist of freddie mac. >> kelly wallace is chief correspondent for i village and dave wiegel. good morning to both of you. >> good morning. >> how do you think mitt did on the attack? >> some of our ivillage community members described it as an episode of "divorce court." others said it was almost an episode of "the bachelor" and no one would be getting a rose. no question, chris -- >> i love the curl referenc -- references. >> don't you? the question is will it backfire. does it seem like a desperate ploy to go on the attack and bring newt down and does gingrich score some points by trying to seem above it all. we don't have the answer yet. >> and, you kn
mac. >> on this stage at a prior debate you said you were paid $300,000 by freddie mac as a historian. they don't pay people $25,000 a month for six years as historians. that adds up to about $1.6 million. they weren't hiring you as a historian and this contract proves you were not a historian. you were a consultant. it doesn't say you provided historical experience. it said you were as a consultant and you were hired by the chief lobbyist of freddie mac. >> kelly wallace is chief...
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Jan 23, 2012
01/12
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he's got to defend his record with freddie mac. how much money did he make, how little money did he make? he claims the 35,000. the romney campaign says $1.7 million. >> romney has been spending millions in florida already. attack ads are running. you seeing any fight back from gingrich there in terms of the airways? >> reporter: the pro-gingrich super pac will start putting ads on the air tomorrow. the pro-romney ad will go up on wednesday and carry through next tuesday. rom has a huge advantage in terms of people on the ground and in terms of money. newt gingrich knows that. today he told this small crowd it's going to be people power versus money power. >> thanks for joining us this afternoon. >> reporter: okay. >> don't miss the republican debate on a special edition of "rock center" with brian williams live from tampa at 9:00 eastern on nbc. we'll be right back. get in the ! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just b
he's got to defend his record with freddie mac. how much money did he make, how little money did he make? he claims the 35,000. the romney campaign says $1.7 million. >> romney has been spending millions in florida already. attack ads are running. you seeing any fight back from gingrich there in terms of the airways? >> reporter: the pro-gingrich super pac will start putting ads on the air tomorrow. the pro-romney ad will go up on wednesday and carry through next tuesday. rom has a...
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Jan 28, 2012
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we discovered to our shock that governor romney owns shares of fannie mae and freddie mac. governor romney made a million dollars off of selling some of that. >> first of all, my investments are not made by me. my investments for the last ten years have been by a blind trust managed by a trustee. there are bonds that they have held through mutual funds. and mr. speaker, i know that sounds like an enormous revolution, but have you checked your own investments? you also have investments in your mutual funds that invest in fannie and freddie mac. >> right. >> susan, that was one of the great, i assume, a lot of this stuff is set up ahead of time. but what a resounding punch that was to the jaw. >> it showed how well prepared mitt romney was in terms of opposition research and how newt gingrich was not prepared. even with opposition research, his own campaign had done because as soon as that line came out of mitt romney's mouth, we were getting e-mails from the gingrich campaign pointing out that during the 1994 senate race in massachusetts, mitt romney derided the idea that a
we discovered to our shock that governor romney owns shares of fannie mae and freddie mac. governor romney made a million dollars off of selling some of that. >> first of all, my investments are not made by me. my investments for the last ten years have been by a blind trust managed by a trustee. there are bonds that they have held through mutual funds. and mr. speaker, i know that sounds like an enormous revolution, but have you checked your own investments? you also have investments in...
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Jan 24, 2012
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gingrich's enterprises had with freddie mac. it's been posted on a web page for the center for health transformation and that's one of mr. gingrich's former entities, it was a 2006 contract and there have been others, but this is one, this is the company that mr. gingrich separated himself when he formally declared his presidential campaign in may of last year and the documents posted now on the web just hours before the next dehe bait. >> and this is just breaking now, gingrich said along the way that he was acting in his roll as a historian and many in his own party, well, frankly kind of laughed at that. >> well, mitt romney has said that newt gingrich is clearly a lobbyist and if it looks like a duck, talks like a duck, it probably is, because mr. gingrich was talking to a client and member of congress and romney campaign asserted that's no way that's not lobbying. and the debate credited to picking up a former bachmann staffer something of a debate prep expert and a lot of the former campaign are now seeing their staffers t
gingrich's enterprises had with freddie mac. it's been posted on a web page for the center for health transformation and that's one of mr. gingrich's former entities, it was a 2006 contract and there have been others, but this is one, this is the company that mr. gingrich separated himself when he formally declared his presidential campaign in may of last year and the documents posted now on the web just hours before the next dehe bait. >> and this is just breaking now, gingrich said...